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Yiho International Co Ltd Spline ILLIQ Liquidity Analysis

High-persistence model: shocks decay very slowly, so the theoretical long-run value may not be practically meaningful

Liquidity prediction for Wednesday, July 8th, 2026

1 Day

10,347.69

increased by 5.82

1 Week

10,001.88

decreased by 339.99

1 Month

8,271.42

decreased by 2,070.45

Analysis last updated: Wednesday, July 8, 2026 at 11:32 PM UTC

Date Range:

from

to

6M ·

1Y ·

2Y ·

All

graph of Yiho International Co Ltd ILLIQ-SMEM

News Impact Curve

How returns affect tomorrow's liquidity

Liquidity Forecast

How liquidity evolves over time

Parameter Estimates

Mar 2, 2022 to Jul 3, 2026

Model Insight

With persistence 1.000, illiquidity shocks have a half-life of 173286 trading days (~687.6 years), close to a unit root, so long-run forecasts are highly sensitive to this estimate.

μ

ILLIQ-SMEM Model

Tap to view equation

ParameterValuet-statistic
ω

const

Unconditional variance weight

0.3454
0.00
α

ARCH

Response to squared shocks

0.0000
0.00
β

GARCH

Volatility persistence

1.0000
0.01
γi Spline Coefficients
K=6
γ1-35.2595
0.00
γ250.2995
0.00
γ3-21.1492
0.00
γ413.6834
0.00
γ5-20.7828
0.00
γ624.9516
0.00

Persistence:

1.000

Half-life:

173286 days